The boiler and machinery insurance contract generally is characterized by all but one of the following:
A) about one-fourth of the premium is for inspection services rather than for pure insurance against the loss,
B) it usually covers all of the firm's boilers and other equipment under one blanket form,
C) it insures several different types of losses under one form,
D) the limits of indemnity apply successively to named losses until the aggregate limits of liability are fully exhausted,
E) the insurer typically sends an inspector to the insured plant two or more times each year.
Correct Answer:
Verified
Q33: A laundry suffers a severe loss from
Q34: Consequential losses involve
A) costs that continue after
Q35: Blanket insurance coverage requires
A) an 80 percent
Q36: Accounts receivable insurance provides coverage for receivables
Q37: The advisability of rain insurance depends on
Q38: The business owner's program has a mandatory
A)
Q39: Flood and earthquake may be insured against
Q40: In boiler and machinery insurance, the portion
Q41: Because of the technical nature and diversity
Q43: Use and occupancy insurance in the boiler
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